The 5 March 2025 engagement reaffirmed a long-standing relationship and explored innovation competitions, alumni engagement, and staff financial preparedness.
On 5 March 2025, Vice Chancellor Prof. Barnabas Nawangwe paid a courtesy visit to Stanbic Bank Uganda CEO Mr Mumba Kalifungwa to explore collaboration on innovation, entrepreneurship, and strategic investment.
Innovation and youth entrepreneurship
Prof. Nawangwe emphasised empowering young people to create enterprises amid Uganda’s fast-growing youth population — approximately 22.8 million of 45.9 million people by 2024, per UBOS.
“If we do not support young people to innovate and create enterprises, we risk facing serious economic and social challenges. The employment of the future will increasingly be created by young people themselves.” — Prof. Barnabas Nawangwe
Proposals included a Stanbic-supported innovation competition building on existing incubation programmes at Makerere and the bank’s National Schools Championship model.
Investment and community impact
Discussions covered PPP models for hospitality and commercial infrastructure, financial literacy for students, internships, alumni engagement, and staff retirement planning — initiatives expected within a renewed MoU.
“Through this partnership, we are exploring opportunities that support the entire Makerere community — from financial literacy and entrepreneurship for students to internship pathways, alumni engagement, and financial preparedness for staff.” — Mr Awel Uwihanganye, Chief Advancement Officer
